Hampshire Group Ltd. said Friday that it has refinanced its existing credit facility with Wells Fargo with a new $50 million, three-year credit facility from Salus Capital Partners LLC.
The credit facility consists of a $3 million term loan and a $27 million revolving credit facility, with an accordion feature which permits an increase up to a $47 million revolving credit facility at Hampshire's option, subject to certain further conditions, the company said.
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